Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments at Liberty Mutual Insurance | Boston, MA, US | Rezi

Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments at Liberty Mutual Insurance

Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual Insurance · Boston, MA, US

Yesterday

Product Owner II, Insurance Investment Accounting, Liberty Mutual Investments

Liberty Mutual Insurance · Boston, MA, US

a day ago
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About the Role

Liberty Mutual Investments (LMI) is seeking a Product Owner II to support its Accounting Product, focusing on investment accounting and regulatory/financial reporting capabilities across statutory (NAIC), GAAP, and TAX frameworks. The role involves enhancing and maintaining the SimCorp Dimension platform and related processes, translating business needs into product priorities, and driving the delivery of technology solutions for accurate reporting.

Responsibilities

  • Partner with the Accounting Portfolio Product Owner and stakeholders to shape and execute the Accounting Product roadmap.
  • Own and prioritize the Accounting Product backlog, balancing business value, regulatory deadlines, strategic enhancements, technical improvements, and production support.
  • Translate business, accounting, and regulatory requirements into actionable user stories with clear acceptance criteria.
  • Proactively collaborate with other Product Owners, SimCorp Dimension's REGCOE, and technology and data teams to anticipate dependencies and remove impediments.
  • Set clear deadlines and handoff dates for each deliverable and maintain visibility of partner teams' commitments.
  • Lead Agile delivery activities, including backlog refinement, sprint planning, demonstrations, and coordination of development, testing, business validation, and production implementation.
  • Evaluate business value, feasibility, and regulatory risk to make informed prioritization decisions.
  • Proactively monitor regulatory, statutory accounting, and reporting framework changes and assess their impact on systems, data flows, and downstream processes.
  • Translate upcoming changes into backlog items with defined timelines, owners, and testing and validation plans.
  • Assess the impact of new investment types and reporting requirements across statutory, GAAP, and TAX bases.
  • Apply working knowledge of investment accounting, investment operations, and upstream data to evaluate reporting accuracy and timing.
  • Partner with Investment Reporting, Operations, Investment Product, Data Product, Technology and other Financial Product teams to deliver accurate reporting.
  • Coordinate with LMG Corporate Accounting, Finance, TAX, and other group functions that depend on LMI's accounting and reporting outputs.
  • Work with SimCorp, implementation partners, and other platform and data vendors to manage releases, defects, enhancements, and delivery commitments.
  • Support engagement with regulators, auditors, and advisors as needed.
  • Serve as the primary point of contact for Accounting Product stakeholders, building strong relationships, facilitating decisions, and communicating priorities, progress, and risks.
  • Proactively identify and resolve reporting issues, data quality concerns, and cross-team dependencies.
  • Work closely with Data Product and Investment Product, alongside Accounting, Finance, and Technology stakeholders, to define data requirements, ownership, and quality standards.
  • Strengthen data integrity, reporting accuracy, and regulatory compliance through effective data validation, reconciliation, and operational controls.
  • Drive process improvements and leverage automation, including AI-enabled capabilities, to reduce manual effort, improve reporting efficiency, and mitigate operational risk.
  • Balance delivery of new capabilities with platform stability, ongoing production support, and evolving regulatory and data governance requirements.
  • Define and monitor product-level KPIs to measure reporting timeliness, data quality, operational efficiency, and delivery outcomes.

Requirements

  • Bachelor's degree in Finance, Accounting, Business, Technology, or a related field, or equivalent professional experience.
  • 5+ years of experience in business, technology, financial services, or consulting.
  • 3+ years working with Agile teams in a Product Owner, Business Analyst, or similar role.
  • Working knowledge of investment accounting and financial and regulatory reporting frameworks, including statutory accounting principles (SAP) and NAIC investment reporting, GAAP, and TAX, including basis differences between them.
  • Demonstrated experience managing product backlogs, translating complex business and technical requirements into actionable user stories, and delivering technology or data-driven solutions.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent communication and collaboration skills.
  • Proven ability to proactively plan and independently drive complex initiatives from requirements through implementation.
  • Demonstrates strong AI literacy and uses AI-enabled tools to enhance speed, accuracy, and insight generation.

Skills

  • Investment accounting
  • Financial reporting
  • Regulatory reporting
  • Statutory accounting principles (SAP)
  • NAIC investment reporting
  • GAAP
  • TAX
  • Agile
  • Product backlog management
  • User story creation
  • Data quality
  • Process improvement
  • Automation
  • AI-enabled tools
  • SimCorp Dimension
  • Blackrock Aladdin
  • Eagle STAR
  • State Street Alpha
  • Charles River
  • Princeton Financial System
  • Clearwater
  • FIS
  • SS&C Advent Geneva
  • Jira
  • Confluence

Location

  • Boston, MA
  • New York, NY

Work Type

  • Full-time

Experience Level

  • 5+ years of experience
  • 3+ years in a Product Owner or similar role

Education Level

  • Bachelor's degree in Finance, Accounting, Business, Technology, or a related field, or equivalent professional experience.

Benefits

  • Comprehensive benefits
  • Workplace flexibility
  • Professional development opportunities
  • Opportunities provided through Employee Resource Groups

About the Company

  • Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty) and is responsible for powering Liberty’s strategy amid profound change in global capital markets.
  • With deep expertise in fixed income, equity, and alternative strategies, LMI invests $120+ billion (as of 12/31/2025) of capital globally, taking a long-term approach across its integrated platform and has a team of over 350 investment, finance, and operations professionals.
  • LMI has a clear purpose: build enduring businesses side-by-side with our partners, drive economic growth, and generate superior risk-adjusted returns that power Liberty’s strategy and secure its promises.
  • We offer the best of both worlds — the look and feel of a boutique investment firm with the reputation and financial strength of a global leader.
  • As the investment firm of a mutual with long-term capital, LMI has a single client mandate.
  • Our portfolio spans a broad spectrum of public and private investments, and we are committed to expanding our capabilities and our toolkit in support of our mission.
  • We invest across diverse asset classes, financial structures, and industries, including real estate, digital infrastructure, healthcare, renewable energy, and technology—with the aim of creating value and powering innovation.
  • We pride ourselves on our extensive network of mutually beneficial partnerships, and we use our substantial influence, capital, and energy to drive towards a better future.

Equal Opportunity

  • Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.